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Dubai Internet City Business setup in DIC

Company formation in Dubai Internet City. Business setup in DIC is advantageous to investors looking to have a strong presence in UAE

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Dubai Internet City Business setup in DIC

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  1. Dubai Internet City: Business Dubai Internet City: Business setup in DIC setup in DIC Dubai Internet City (DIC)is a huge techno-hub established in 2000. With over 24,000+ professionals, it is home to 160+ nationalities. Also, there are 12 innovation centres. It offers a perfect business environment for more than 1600 companies. It is an excellent choice for setting-up business for all Information, Communication, and Technology Companies. DIC provides a cost-effective base for all ICT companies so that they can explore all business opportunities.

  2. Types of Licenses available Types of Licenses available Free Zone Limited Free Zone Limited Liability Company Liability Company Branch office of a UAE Branch office of a UAE Company Company It’s a branch office of an existing UAE company,andit does nothave a separate legal entity. It is an independent legal entity. Branch office of a Branch office of a Foreign Foreign Company Company The branch office of a foreign company can be formed with no minimum share capital prerequisites. Freelance Permit Freelance Permit Itgives an individual the liberty to operate as a freelance professional.

  3. Benefits of Dubai Internet City Business Set Benefits of Dubai Internet City Business Set- -up 0% corporate tax up 02 01 03 0% personal income tax 24*7 visa service 04 100% foreign ownership

  4. Benefits of Dubai Internet City Business Set Benefits of Dubai Internet City Business Set- -up 100% repatriation of capital and profits up 06 05 07 24*7 security service IT infrastructure is highly advanced 08 Straightforward registration process

  5. Benefits of Dubai Internet City Business Set Benefits of Dubai Internet City Business Set- -up The legal framework is simple up 10 09 11 No customs duty for goods and services Strategic Location 12 Fantasticroad and metro connectivity

  6. Offerings of Dubai Internet City Offerings of Dubai Internet City 1. Commercial Spaces 1. Commercial Spaces The office spaces are strategically located and are adaptable to the needs of every business. Some features offered are- 01 02 03 Retail and event venues Innovation Centres Prototyping labs

  7. Offerings of Dubai Internet City Offerings of Dubai Internet City 2. Retail 2. Retail With over 24,000+ professionals working together, it is just the right placeif you wish togrow your retail business. 3. In5 3. In5 Centres Centres It is an innovation platform for all start-ups and entrepreneurs. 4. Co 4. Co- -working Spaces working Spaces They minimize the investment by offering Flexi desks and private offices. Both executive offices and executive desks are available.

  8. Offerings of Dubai Internet City Offerings of Dubai Internet City 5. Go Freelance 5. Go Freelance The Freelance facilities are provided in three industries- Tech, Media, and Education. It is a simple process of applying and then signing and payment finally obtaining freelance permit. documents for securing the permit- Application Form Visa Copy and then the The required NOC of the sponsor(if Go Freelance permit is being applied for without visa) Passport Copy

  9. Offerings of Dubai Internet City Offerings of Dubai Internet City 5. Go Freelance 5. Go Freelance Bank Portfolio or Sample of Work (this is for Media sector only) Reference Letter Credentials and Certificates for the Ed ucation sector only 2 2

  10. Offerings of Dubai Internet City Offerings of Dubai Internet City 6. Light Industrial Units 6. Light Industrial Units They are strategically located and multi-purpose. 7. Warehouses 7. Warehouses It offers multi-purpose warehouses at strategic locations, which aid in logistics. It has excellent infrastructure and grade-a build standards. Some other features of the warehouses are: 1. Internal Light Fitting 2. 24*7 security 3. Amazing fire protection systems 4. On-site parking and loading area 5. 5000-11000 sq. ft.

  11. Other facilities Other facilities that can be availed: availed: that can be Innovation InnovationCentres Centres Hotels Hotels Retail and Retail and Dining Dining Fitness Fitness Healthcare Healthcare Venues Venues

  12. The various business activities permitted in DIC The various business activities permitted in DIC Software- development, modification, installation Internet and Telecommunications IT Service Multimedia and Network

  13. Dubai Internet City Company Formation and Registration Dubai Internet City Company Formation and Registration Process Process Sending all the legal documents for checking 01 01 03 03 02 02 Signature and return of Customer Confirmation Letter and making the concerned payments Submission of application and all the required documents

  14. Dubai Internet City Company Formation and Registration Dubai Internet City Company Formation and Registration Process Process In the case of FZ-LLC, a bank account needs to be opened, and share capital needs to be deposited 06 06 04 04 05 05 The signing of the Lease Agreement and Personal Agreement and of the license In the case of FZ-LLC, signing of Articles of Association & Memorandum of Association, collection Introduction Letter, resolution Sponsorship then collection of Bank & attested

  15. Documents required for Dubai Internet City Company Formation Documents required for Dubai Internet City Company Formation- - Individual Shareholder Individual Shareholder Other routine documentation such as application forms, specimen signatures, and others A Board Resolution which calls for the establishment of the company Personal KYC Letter from the bank which gives confirmation of the deposit of share capital Application for Registration 2 2

  16. Documents required for Dubai Internet City Company Formation Documents required for Dubai Internet City Company Formation- - Individual Shareholder Individual Shareholder Corporate Shareholder Corporate Shareholder Board Resolution which callsfor the establishment of the entity Other routine documentation such as application forms, specimen signatures, and others Application for Registration Corporate Documents of the Parent Companysuch as Certificate of Incorporation, Memorandum of Association and Articles of Association Corporate KYCwhich should be duly attested from the UAE Embassy

  17. Documents required for Dubai Internet City Company Formation Documents required for Dubai Internet City Company Formation- - Individual Shareholder Individual Shareholder Some licensing regulations Some licensing regulations Licenses are only valid for the business activities that are undertaken within DIC. All the business activities being undertaken must be in compliance with Dubai Technology and Media Free Zone Licensing Regulations. The licenses and permits are validfor a year and are renewable annually. The clients have to lease a DIC facility.

  18. Frequently Asked Questions Frequently Asked Questions What is the minimum paid What is the minimum paid- -up capital requirement for starting a business in DIC? starting a business in DIC? up capital requirement for The minimum paid-up capital requirement for FZ-LLC is AED 10000,and there’s no minimum capital requirement if one is starting a branch of an existing UAE/foreign company. Is it possible to transfer my license to Dubai Internet Is it possible to transfer my license to Dubai Internet City? City? Yes, subject to approval by Dubai Development Authority (DDA), a license from another free zone in UAE can be transferred to DIC.

  19. Frequently Asked Questions Frequently Asked Questions Is there any limit on the hiring of employees for DIC Is there any limit on the hiring of employees for DIC Company? Company? Yes, one needs to maintain 80 sq. ft. of space per employee. How long does it take to get a license issued from DIC? How long does it take to get a license issued from DIC? On submission of all the required documents and payment of fees, the license is issued in 48 hours. Each license is valid for a year and renewable thereafter.

  20. NR Doshi and Partners NR Doshi and Partners N R Doshi & Partners make it easy for you to setup a business in Dubai. We are one of the leading business setup companies in UAE. We offer comprehensive company formation services to help investors establish their business in the UAE in a hassle-free way. Form your DIC Company today! Contact Us now.

  21. THANKS FOR WATCHING !!!

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